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Yes, if you’re moved to a new supplier you’ll be placed on whatever their variable tariff is called. Normally this is bad news as you end up paying more than one of their fixed rate tariffs, but for the last year or so most fix rate tariffs (if you can find any currently!) have been priced well above the price cap, so you’re better off on variable tariffs.
Obviously if you’re half way through a two year fixed tariff you’ll be worse off than that, but if your supplier’s gone bust there’s not much you can do…
C4r1s
Sorry didn’t mean to reply to you.
Is it correct that if your supplier goes bust your account is migrated to another company without you choosing, and they don’t have to honour your fixed rate? If so, are there any reasonable actions one can take to hedge against their supplier going bust and being landed with a worse tariff?